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Search: Posts Made By: GOZOPAZ
Showing results 1 to 25 of 28
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Forum: Canada
Feb 14th 2012, 5:09 pm
Replies: 25
Views: 4,866
Posted By GOZOPAZ

Re: QROPS & REVENUE CANADA

Just 5 minutes ago, I received an e-mail from BMO Nesbitt Burns which reads:

"Occupational Pension Plans are pension plans where contributions are made by the employer, and these plans could...
Forum: Canada
Feb 13th 2012, 11:54 pm
Replies: 25
Views: 4,866
Posted By GOZOPAZ

Re: QROPS & REVENUE CANADA

Sorry, my posting of 2.22 pm on 12 Feb 2012 should have included the word PERSONAL ("personal" pension plan). Here is clarification; firstly I deal with OCCUPATIONAL pensions, then with PERSONAL...
Forum: Canada
Feb 13th 2012, 1:45 pm
Replies: 25
Views: 4,866
Posted By GOZOPAZ

Re: QROPS & REVENUE CANADA

I disagree entirely. I have spoken with some real, impartial experts.
Forum: Canada
Feb 13th 2012, 1:22 pm
Replies: 25
Views: 4,866
Posted By GOZOPAZ

Re: QROPS & REVENUE CANADA

Experts I have spoken with tell me that they know of no sure tax-effective way of bringing a UK pension to Canada.

You will not get a clear-cut answer from anyone as to whether it is safe to bring...
Forum: Canada
Feb 13th 2012, 1:21 pm
Replies: 25
Views: 4,866
Posted By GOZOPAZ

Re: QROPS & REVENUE CANADA

Unfortunately I do not know the answer to your case.
Forum: Canada
Feb 10th 2012, 1:33 pm
Replies: 25
Views: 4,866
Posted By GOZOPAZ

Re: QROPS & REVENUE CANADA

What kind of pension was it?
(a) personal or company
(b) did you contribute or your employer or both?

I presume you were not a 'deemed' resident of Canada at the time (house or spouse in Canada...
Forum: Canada
Feb 10th 2012, 1:47 am
Replies: 25
Views: 4,866
Posted By GOZOPAZ

Re: QROPS & REVENUE CANADA

Thanks again for your post.

You write: "Do you mean specific types of trust like pension funds and RRSPs?"

Yes, that's just what I was thinking of.
Forum: Canada
Feb 9th 2012, 7:59 pm
Replies: 25
Views: 4,866
Posted By GOZOPAZ

Re: QROPS & REVENUE CANADA

I've heard from two sources that Canadian legislation is now proposing that the transfer from a trust to a trust is taxable. The legislation may even have been passed.

Anyone heard that?
Forum: Canada
Feb 9th 2012, 4:01 am
Replies: 25
Views: 4,866
Posted By GOZOPAZ

Re: QROPS & REVENUE CANADA

One would think that would be the case, but the first Revenue Canada agent told me over the phone that you must have contributed to the pensions yourself.

I was sent a link to the INTERPRETATION...
Forum: Canada
Feb 9th 2012, 2:39 am
Replies: 25
Views: 4,866
Posted By GOZOPAZ

QROPS & REVENUE CANADA

Hello,

IF YOU WANT TO TRANSFER A UK COMPANY PENSION TO AN RRSP IN CANADA AS A QROPS...

1. Revenue Canada advise me that you must be non-resident at the time you earn the pension. You would be...
Forum: Canada
Dec 14th 2011, 5:28 pm
Replies: 8
Views: 1,418
Posted By GOZOPAZ

Re: QROPS

You are absolutely right: 25% is not tax-free in Canada. Revenue Canada told me only last week how they will tax it.
So HMRC may not tax you on a 25% withdrawal if your pension would have allowed...
Forum: Europe
Dec 8th 2011, 9:37 pm
Replies: 91
Views: 20,449
Posted By GOZOPAZ

QROPS in Canadian dollars in Guernsey

You don’t have to live in Canada to put your QROPS in Canadian dollars. RBC cees (a Royal Bank of Canada off-shoot) in Guernsey allow your funds to be held in dollars, euros and pounds. Investment...
Forum: Europe
Dec 8th 2011, 9:28 pm
Replies: 91
Views: 20,449
Posted By GOZOPAZ

QROPS/RRSP (Canada): BENEFIT OF PERSONAL ALLOWANCE

It should be emphasized that RRSPs (including QROPS held in an RRSP) still benefit from the personal tax allowance. Revenue Canada tell me:

With an RRSP, you still have your personal tax-free...
Forum: Europe
Dec 7th 2011, 9:44 pm
Replies: 91
Views: 20,449
Posted By GOZOPAZ

Self-directed QROPS in Canada

Anyone interested in self-directed QROPS in Canada can e-mail

(SNIP - Interested parties can check out HMRC's list, I;m sure)

For the record, I got to hear of these self-directed accounts...
Forum: Europe
Dec 7th 2011, 5:23 pm
Replies: 91
Views: 20,449
Posted By GOZOPAZ

Re: QROPS

Do please keep this thread open. There are some really good postings.
I will be adding more of my own here, as I'm in the middle of some research which I hope will bear fruit. It may be a couple of...
Forum: Europe
Dec 7th 2011, 12:38 am
Replies: 91
Views: 20,449
Posted By GOZOPAZ

QROPS in Canada: a warning

1) If you decide to move your pension to a QROPS in Canada, then be aware of how you will be taxed. Your QROPS will be held in an RRSP, whereupon withdrawals are taxed at these rates:

$0 - $5,000...
Forum: Europe
Dec 6th 2011, 9:11 pm
Replies: 91
Views: 20,449
Posted By GOZOPAZ

Re: QROPS

Telegraph Expat has published an article on QROPS today, 6 December: http://www.telegraph.co.uk/finance/personalfinance/offshorefinance/8935749/QROPS-industry-maturing.html
Forum: Europe
Nov 29th 2011, 5:10 pm
Replies: 91
Views: 20,449
Posted By GOZOPAZ

Re: QROPS

Thank you, Peter.

Your advice is very pertinent.
Forum: Europe
Nov 28th 2011, 5:29 pm
Replies: 91
Views: 20,449
Posted By GOZOPAZ

Re: QROPS

Sorry bakedbean and Ray: I looked at the wrong message heading...
Forum: Europe
Nov 28th 2011, 5:25 pm
Replies: 91
Views: 20,449
Posted By GOZOPAZ

Re: QROPS

Thanks, Ray51. Please let me know what you find, and I will reciprocate.... I will be making some more postings as my understanding of QROPS increases. Cheers!
Forum: Europe
Nov 28th 2011, 5:22 pm
Replies: 91
Views: 20,449
Posted By GOZOPAZ

Re: QROPS

I'm intrigued by your statement re southern Europe.
Have you lived in Canada? There are aspects of life which are difficult to adjust to... and I've spent several years in Canada!
Forum: Europe
Nov 26th 2011, 8:33 pm
Replies: 91
Views: 20,449
Posted By GOZOPAZ

Re: QROPS

Yes, I am a Brit. I also have Canadian nationality, and am currently in Canada, but the missus and I are strongly considering retiring in southern Europe...

As things unfold, I should be in a...
Forum: Europe
Nov 26th 2011, 6:39 pm
Replies: 91
Views: 20,449
Posted By GOZOPAZ

Re: QROPS

Thank you! Spot on!

A chap at the Consumers’ Association suggested Blevins Frank (also recommended by the Daily Telegraph) and Siddalls (the fellow there told me not to go for QROPS as it was 99%...
Forum: Europe
Nov 25th 2011, 10:58 pm
Replies: 91
Views: 20,449
Posted By GOZOPAZ

Re: QROPS

Thanks. :)
Forum: Europe
Nov 25th 2011, 10:30 pm
Replies: 91
Views: 20,449
Posted By GOZOPAZ

Re: QROPS

:ohmy: Oh! I am in Canada, but probably moving to S. Europe.
The Channel Islands may be the best destination for my QROPS!!!
Showing results 1 to 25 of 28
 
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